BHI: Permian, overall US rig counts each up 7

The rig counts for the US and its largest drilling and production region each gained 7 units during the week ended May 5, according to data from Baker Hughes Inc. Source: News

Federal pipeline decision-making gets mixed reviews at hearing

The federal oil and gas permitting processes for interstate pipelines drew mixed reviews on May 3 as witnesses and members of the House Energy and Commerce Committee’s Energy Subcommittee discussed whether they need to be reformed or are operating as intended. Source: News

Gazprom Neft advances Moscow refinery modernization project

Russia’s PJSC Gazprom Neft, St. Petersburg, has reached 20% completion on construction of its previously announced project to build a Euro+ combined oil refining unit (CORU) as part of the ongoing modernization and upgrade of its 12.15 million-tonne/year Moscow refinery. Source: News

Meritage Midstream unit buys south Powder River basin assets

Thunder Creek Gas Services LLC, a subsidiary of Meritage Midstream Services II LLC, has acquired midstream assets in the southern portion of Wyoming’s Powder River basin from Devon Energy Production Co. LP, a wholly owned subsidiary of Devon Energy Corp. Source: News

ONGC Videsh to test well in Colombia

A well in the Llanos basin in Colombia revealed 120 ft of oil-saturated net pay, according to operator ONGC Videsh Ltd. of India. Source: News